A capital gain will arise when a person disposes of a capital asset at a profit. Usually this happens when a person (i.e. an individual or company) sells it to another person. However a gift of an asset also constitutes a disposal – often this is forgotten by taxpayers. In addition understanding whether an asset qualifies for Entrepreneurs Relief is a key area for taxpayers given HM Revenue & Customs look at these types of claims very closely.
Key areas which you may wish to consider working with us include;
- Entrepreneurs Relief reviews
- Exit planning strategies
- Extracting cash tax efficiently from businesses